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JRDE.L vs. MVEU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

JRDE.L vs. MVEU.L

Last updated Jun 26, 2026

JRDE.L (JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) and MVEU.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)) are both Europe Equities funds tracking the MSCI Europe NR EUR, from JPMorgan and iShares respectively. Both are passively managed. Over the past 3 years, JRDE.L returned 27.65%/yr vs 11.79%/yr for MVEU.L. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

JRDE.L vs. MVEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

JRDE.L is traded in GBp, while MVEU.L is traded in EUR. To make them comparable, the MVEU.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, JRDE.L achieves a 9.68% return, which is significantly higher than MVEU.L's 6.38% return.

JRDE.L

1D
0.80%
1M
2.70%
YTD
9.68%
6M
10.16%
1Y
70.58%
3Y*
27.65%
5Y*
—
10Y*
—

MVEU.L

1D
0.26%
1M
0.18%
YTD
6.38%
6M
6.68%
1Y
11.85%
3Y*
11.79%
5Y*
7.21%
10Y*
8.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

JRDE.L vs. MVEU.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
JRDE.L
JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)		9.68%72.46%2.21%14.40%-3.79%-10.33%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		6.38%17.63%6.71%8.45%-8.16%3.45%

Correlation

The correlation between JRDE.L and MVEU.L is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.68

Correlation (3Y)
Calculated over the trailing 3-year period

0.75

Correlation (All Time)
Calculated using the full available price history since Sep 15, 2021

0.79

The correlation between JRDE.L and MVEU.L shifts across timeframes, from 0.68 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

JRDE.L vs. MVEU.L - Sectors Allocation Comparison

Sectors
JRDE.L
MVEU.L

Financial Services

23.7%
17.6%

Industrials

20.4%
15.6%

Healthcare

13.3%
12.3%

Technology

8.7%
3.4%

Consumer Defensive

7.3%
14.1%

Consumer Cyclical

6.6%
3.6%

Utilities

6.0%
10.1%

Basic Materials

5.2%
5.1%

Energy

5.2%
6.9%

Communication Services

3.6%
9.0%

Real Estate

0.1%
1.5%

Financial Services

JRDE.L
23.7%
MVEU.L
17.6%

Industrials

JRDE.L
20.4%
MVEU.L
15.6%

Healthcare

JRDE.L
13.3%
MVEU.L
12.3%

Technology

JRDE.L
8.7%
MVEU.L
3.4%

Consumer Defensive

JRDE.L
7.3%
MVEU.L
14.1%

Consumer Cyclical

JRDE.L
6.6%
MVEU.L
3.6%

Utilities

JRDE.L
6.0%
MVEU.L
10.1%

Basic Materials

JRDE.L
5.2%
MVEU.L
5.1%

Energy

JRDE.L
5.2%
MVEU.L
6.9%

Communication Services

JRDE.L
3.6%
MVEU.L
9.0%

Real Estate

JRDE.L
0.1%
MVEU.L
1.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)

iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)

Often compared with JRDE.L:
JRDE.L vs. JRDM.LJRDE.L vs. JRDG.LJRDE.L vs. CS1.LJRDE.L vs. EEI.LJRDE.L vs. EUHD.LJRDE.L vs. EEIP.LJRDE.L vs. FLXD.L
Often compared with MVEU.L:
MVEU.L vs. SVOLMVEU.L vs. VTMVEU.L vs. FLXD.LMVEU.L vs. EUHD.LMVEU.L vs. CS1.LMVEU.L vs. CSP1.LMVEU.L vs. IITU.L

Return for Risk

JRDE.L vs. MVEU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
JRDE.L
JRDE.L Risk / Return Rank: 8989
Overall Rank
JRDE.L Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
JRDE.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
JRDE.L Omega Ratio Rank: 9898
Omega Ratio Rank
JRDE.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
JRDE.L Martin Ratio Rank: 9494
Martin Ratio Rank
MVEU.L
MVEU.L Risk / Return Rank: 3535
Overall Rank
MVEU.L Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
MVEU.L Sortino Ratio Rank: 3636
Sortino Ratio Rank
MVEU.L Omega Ratio Rank: 3636
Omega Ratio Rank
MVEU.L Calmar Ratio Rank: 3333
Calmar Ratio Rank
MVEU.L Martin Ratio Rank: 3434
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JRDE.L vs. MVEU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

JRDE.LMVEU.LDifference
Sharpe ratioReturn per unit of total volatility
1.81
1.33

+0.48

Sortino ratioReturn per unit of downside risk
7.20
1.84

+5.36

Omega ratioGain probability vs. loss probability

1.97

1.24

+0.73

Calmar ratioReturn relative to maximum drawdown

6.42

1.42

+5.00

Martin ratioReturn relative to average drawdown

22.32

4.19

+18.13

JRDE.L vs. MVEU.L - Sharpe Ratio Comparison

The current JRDE.L Sharpe Ratio is 1.81, which is higher than the MVEU.L Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of JRDE.L and MVEU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

JRDE.L vs. MVEU.L - Drawdown Comparison

The maximum JRDE.L drawdown since its inception was -24.20%, roughly equal to the maximum MVEU.L drawdown of -23.74%. Use the drawdown chart below to compare losses from any high point for JRDE.L and MVEU.L.

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Drawdown Indicators

JRDE.LMVEU.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.20%

-23.74%

-0.46%

Max Drawdown (1Y)

Largest decline over 1 year

-10.94%

-8.32%

-2.62%

Max Drawdown (3Y)

Largest decline over 3 years

-12.84%

-8.32%

-4.52%

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.42%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-23.74%

—

Current Drawdown

Current decline from peak

-0.11%

-3.10%

+2.99%

Average Drawdown

Average peak-to-trough decline

-7.30%

-3.52%

-3.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.15%

2.82%

+0.33%

Volatility

JRDE.L vs. MVEU.L - Volatility Comparison

JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDE.L) has a higher volatility of 2.96% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc) (MVEU.L) at 1.93%. This indicates that JRDE.L's price experiences larger fluctuations and is considered to be riskier than MVEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

JRDE.LMVEU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.96%

1.93%

+1.03%

Volatility (6M)

Calculated over the trailing 6-month period

10.42%

7.32%

+3.10%

Volatility (1Y)

Calculated over the trailing 1-year period

38.77%

8.92%

+29.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.84%

11.28%

+11.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.84%

12.62%

+10.22%

JRDE.L vs. MVEU.L - Expense Ratio Comparison

Both JRDE.L and MVEU.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

JRDE.L vs. MVEU.L - Dividend Comparison

JRDE.L's dividend yield for the trailing twelve months is around 26.01%, while MVEU.L has not paid dividends to shareholders.

PositionTTM2025202420232022
JRDE.L
JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)		26.01%28.15%2.68%1.11%2.99%
MVEU.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Acc)		0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

JRDE.L and MVEU.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

JRDE.L and MVEU.L have the same expense ratio: 0.25% per year.

Both ETFs track MSCI Europe NR EUR. They also come from different issuers: JPMorgan and iShares.

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